The United States and China have reached a preliminary framework agreement to revive their stalled trade truce, aiming to ease export curbs and avoid a looming tariff escalation. Following two days of high-stakes negotiations in London, both sides announced they had come to terms on steps to lift restrictions on China's rare earth mineral exports and to roll back recent U.S. controls on advanced technology goods, including semiconductor software.
The United States and China have reached a preliminary framework agreement to revive their stalled trade truce, aiming to ease export curbs and avoid a looming tariff escalation. Following two days of high-stakes negotiations in London, both sides announced they had come to terms on steps to lift restrictions on China's rare earth mineral exports and to roll back recent U.S. controls on advanced technology goods, including semiconductor software.